Monday, March 4, 2024

Government is not making any separate policy to benefit Tesla

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The central government has said that it is not making any policy to provide investment incentives to American electric vehicle (EV) maker Tesla. Last year, Prime Minister Narendra Modi had a meeting with Tesla Chief, Elon Musk during his visit to America. This indicated Tesla to move ahead with its investment plan in the country.

In response to a question in the Rajya Sabha, the government said, “No policy is being made by the Heavy Industries Ministry to give incentives to Tesla. However, the Ministry has proposed a Production Linked Incentive (LTD) for automotive technology products including electric cars. PLI) scheme has been implemented. However, the application deadline for the PLI scheme related to the automobile industry has ended and Tesla can apply for PLI in another new scheme launched recently.

There was speculation that Tesla co-founder, Elon Musk may participate in the Vibrant Gujarat Global Summit held in January and in this event company An announcement can be made regarding starting business in the country. However, this speculation was proved wrong due to Tesla not participating in this big event. Regarding this, Rahul Gupta, Managing Director of Gujarat Industrial Development Corporation, had told reporters, “It is the right of a particular company to decide where and how much investment it makes. If Tesla decides to come to Gujarat, the state government will have to pay a lot.” would be happy.”

Earlier, Gujarat Health Minister Rushikesh Patel had said that Tesla’s talks with the state government regarding land for the factory are in the final stages. He said that the state government hopes that Musk will choose Gujarat for his factory. He had said, “Musk is also looking at Gujarat as the first option. We will definitely welcome it and provide all necessary help.” It was said in some media reports that the company’s factory can be set up in Sanand, Gujarat. Some other states like Maharashtra, Karnataka and Tamil Nadu are also inviting Tesla to set up factories. Tesla’s electric cars That is not sold in the country. The main reason for this is high import duty.

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